Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Moody’s Ratings Changes Seplat Energy’s Outlook to Positive

    September 5, 2026

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    September 5, 2026

    Zcash Tops $1,000 as Investors Rotate into Privacy Coins

    September 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Moody’s Ratings Changes Seplat Energy’s Outlook to Positive
    • Fitch Affirms Qatar at ‘AA’ with Negative Outlook
    • Zcash Tops $1,000 as Investors Rotate into Privacy Coins
    • Ripple XRP Price Declines on U.S. Fed Rate Hike Fears
    • SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst
    • FG Opens N2.5bn Grant Window for 50 Student Innovators
    • Oil Prices Rise 8% as US-Iran Tensions Heighten Energy Risk
    • Binance Coin Rises on Pasteur Upgrade, Kalshi Listing Optimism
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, September 6
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG Targets Enhanced Wheat Production with Agric. Subsidy Scheme

    FG Targets Enhanced Wheat Production with Agric. Subsidy Scheme

    Marketforces AfricaBy Marketforces AfricaDecember 13, 2024 News No Comments2 Mins Read
    FG Targets Enhanced Wheat Production with Agric. Subsidy Scheme
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Targets Enhanced Wheat Production with Agric. Subsidy Scheme

    Federal Government of Nigeria targets improved wheat production from its subsidized agricultural growth scheme, the authority has revealed.

    The Federal Ministry of Finance said it is advancing Nigeria’s wheat production through the National Agricultural Growth Scheme and Agro Pocket (NAGS-AP).

    According to the ministry, the initiative spans 16 wheat-producing states, aiming to enhance agricultural productivity and boost economic growth.

    During a briefing with the Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun at the Federal Ministry of Finance Head Quarters, Ishaku Buba, National Project Coordinator, disclosed that the scheme is targeting 280,000 smallholder farmers and a select group of medium-scale farmers in selected clusters.

    Participants are required to contribute resources to cover inputs for one hectare of irrigated land.

    Fertilizer packages vary, with farmers in most states receiving 50kg of urea and 100kg of NPK fertilizer, while farmers in Jigawa State receive increased inputs due to its soil nutrient demands and a commitment of the Jigawa State Government to boost wheat production.

    The project provides significant financial support, including 25% subsidies on certified wheat seeds and 50% subsidies on fertilizers, reducing costs for participating farmers.

    To facilitate distribution, 409 redemption centres have been established, with 281 already operational, reaching 68,389 farmers—24.42% of the target.

    The program is expected to conclude its input distribution phase later this month, aligning with the wheat planting calendar. Enhanced security measures have been enacted, with personnel from the Police, DSS, and NSCDC in place at redemption centres to ensure smooth operations.

    In his closing remarks HM Edun commended the project team for their efforts, emphasizing the scheme’s potential to strengthen food security, support rural economies, and reduce Nigeria’s dependence on imported wheat. #FG Targets Enhanced Wheat Production with Agric. Subsidy Scheme#

    OANDO, ACCESS Midday Gain Boost Equities Market Index

    Finance Minsiter Wale Edun Wheat Production
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Moody’s Ratings Changes Seplat Energy’s Outlook to Positive

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    Zcash Tops $1,000 as Investors Rotate into Privacy Coins

    Ripple XRP Price Declines on U.S. Fed Rate Hike Fears

    SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst

    FG Opens N2.5bn Grant Window for 50 Student Innovators

    Add A Comment

    Comments are closed.

    Editors Picks

    Moody’s Ratings Changes Seplat Energy’s Outlook to Positive

    September 5, 2026

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    September 5, 2026

    Zcash Tops $1,000 as Investors Rotate into Privacy Coins

    September 5, 2026

    Ripple XRP Price Declines on U.S. Fed Rate Hike Fears

    September 5, 2026

    SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst

    September 5, 2026
    Latest Posts

    Moody’s Ratings Changes Seplat Energy’s Outlook to Positive

    September 5, 2026

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    September 5, 2026

    Zcash Tops $1,000 as Investors Rotate into Privacy Coins

    September 5, 2026

    Ripple XRP Price Declines on U.S. Fed Rate Hike Fears

    September 5, 2026

    SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst

    September 5, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.